Micron reports record Q3 revenue of $41.46 billion in FY2026

ChainCatcher report, according to Sina Finance, Micron Technology (MU) released its fiscal year 2026 third-quarter financial results. Driven by strong demand for high-bandwidth memory (HBM) and advanced storage solutions from the AI and data center markets, Micron’s total revenue for the quarter reached $41.46 billion, a significant increase from $9.3 billion in the same period last year, setting a new all-time high for the period. DRAM business performed exceptionally well, accounting for approximately 77% of total revenue and serving as the core contributor to earnings. Financial data shows that Micron’s GAAP net income for the third quarter was $28.24 billion (diluted EPS of $24.67), while non-GAAP net income was $28.86 billion (diluted EPS of $25.11), with operating cash flow reaching $25.39 billion during the period. Additionally, Micron has signed multiple strategic customer agreements to support long-term growth. The market will now closely monitor its progress in addressing potential supply constraints and capacity expansion, with its new fabs expected to deliver significant earnings growth starting in fiscal year 2028.